LIKE ALL INVESTMENTS, THIS CORPORATION HAS NOT
BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE
COMMISSION OR ANY OTHER STATE SECURITIES COMMISSION, NOR HAS THE
SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES
COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS
PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.
EXECUTIVE SUMMARY
THE SALE OF “assured future quality vacation accommodations” involving a shared ownership of property, otherwise known as time share, is a proven market and has a history of successful marketing and sales strategies. The sale of “assured future quality recreation” is a logical next step. This project takes the shared ownership concept forward to a level of even higher potential returns and with a limitless market availability.
SEABIRD SAILING CLUB, LTD., a Delaware corporation, is seeking a Venture Partner with of $1.5 million in equity venture capital, offering 375 preferred shares of stock, representing a 25% interest in the Company.
SEABIRD is a development-stage company founded by Robert Keller, the Company's President and CEO, and Jon Wilhelm, Executive Vice President of Finance (CFO). The Company is a marketing organization in the area of tourist recreation which plans to market and sell lifetime memberships in upscale sailing clubs where tourists can enjoy shared ownership of an elegant sailing yacht. The Chief Financial Officer, a CPA, has thoroughly explored every financial aspect of the plan and will be personally responsible to manage the funds of the Company, make regular financial reports and payments to the Venture Partner as agreed and will supervise all business operations, thereby assuring strict financial management.
FINANCIAL RETURN: Management's analysis of start up and operation of the business shows that the return objectives can be achieved by selling Club lifetime memberships at an affordable price. The plan provides that the initial return objective of a before tax yield of $1.5 million to be paid to the Venture Partner immediately out of sales, potentially within six months after start up of sales operations. Thereafter, the Venture Partner will be paid, on a regular basis, approximately 20% of the gross of each sale until the original investment is also returned. Although the Venture Partner will own 25%, payments of near 75% will accrue to that Partner until projected return objectives are met. Management projects that the Venture Partner will have the projected return plus the initial invested capital within a two-year period or earlier, depending of volume of sales. By agreement, the Company will effect a stock buy-back from the Venture Partner after return objectives are met, for an additional half million dollars. Net return to the Venture Partner is projected to be $2 million plus return of the original capital invested, a total of $3.5 million for the $1.5 million capital infusion.
ROLL OVER: The Venture Partner will reinvest capital as it is returned from proceeds to fund five additional units. The resulting return to the Venture Partner is projected to be 12 million dollars plus the return of the initial capital invested, an 800% profit.
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Investors always have many questions about any potential project. We have received and answered many good questions. For answers to questions asked about this investment opportunity, please click on
If you are interested in receiving a copy of the business plan for review, please copy the following Acknowledgement and Non-Disclosure Agreement and FAX it to Robert Keller (808)543-7347
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SEABIRD SAILING CLUB, LTD.
A Delaware Corporation
ACKNOWLEDGMENT
&
NON-DISCLOSURE
I, (name)_______________________________________, hereby acknowledge receipt of the SEABIRD SAILING CLUB, LTD. (hereafter Company) Prospectus Package No._____ dated February 26, 1998 received fromthe President and CEO, Robert Keller, or from the Vice President, Jon Wilhelm, both authorized as Company representatives, on this ________ day of __________, 1998. I understand that it is Copyrighted material, offered for my review, and is intended for use pursuant to a potential offer to invest in the aforementioned corporation, either by myself or any client for whom I am a duly authorized agent, and hereby agree that:
1. If I, or my client, agree to invest in the Company, that I will deliver the necessary documents along with payment for such investment Shares, as I may decide, within a period of not more than ten days from the above date, or other period of time as mutually agreed in writing, in which case I shall retain possession of the herein described Prospectus as record of that transaction, or
2. If I, or my client, chose not to invest in the Company, that I will return the herein described copy of the Prospectus to the Company representative within ten days, or other period of time as mutually agreed in writing, of receipt of same.
I furthermore agree to use the information contained therein for the sole purpose of evaluating the investment opportunity of becoming an investor in SEABIRD SAILING CLUB, LTD. and will not disclose any of the contents therein to any other person except any qualified Investor for whom I am a duly authorized agent, neither will I copy, duplicate, replicate or by any other means, reproduce the contents therein contained, without the express written permission from SEABIRD SAILING CLUB, LTD.
Signed this ______day of ___________, 1998 at (city)_____________________________
